Quote from: Ojengonggu on Today at 03:52:18 AM

Quote from: adaseb on Today at 02:38:20 AM

I think many bought at the 200 WMA around $22222 and many are buying the $20K wall. However it looks like the wall is getting eaten and most likely in the next 24-48 hours it might break.

If we close on Sunday under the 200WMA it will mean that the technical signal is no longer reliable. The next 72 hours are very critical.

Tomorrow will be a huge day due to the stock option expiry and will provide lots of volatility.

Yesterday I still saw the price of bitcoin was still around $21K and today it started to drop to $20K and this is a sign in the next 24 hours or 72 hours something they expect to see prices below $20K will happen in the near future And they will buy even more bitcoins to hold on to.

And now we are just above $21,000, so there is a minor push from the bulls, but we are still not out of the woods yet, we might broke that price and reaches $20,000 in the next 48 hours.

As for the technical signal, hard to say right now, it seems that the market is really fluctuating so hard that no one can guess where will it go. We can only hope that this Sunday, we might end up at around $22,000 or above.